The Kaspa price is up 6.01% to $0.03618 in 24 hours, outperforming a flat Bitcoin, with the move backed by a 44.14% jump in trading volume to $23.6 million. That jump in activity shows fresh capital entering, not a thin move.
Volume staying above the $20 million mark would keep the upside intact. Also, broader altcoin appetite has improved, with the Altcoin Season Index up 5.41% over the past week, helping Kaspa (KAS) deliver a stronger return than Bitcoin’s 0.28%.
On the fundamental side, the Toccata hard fork, scheduled for June 5–20, 2026, introduces KRC-20 tokens, SilverScript programmability, and zero-knowledge opcodes, with 95.4% of supply already circulating, tightening new emissions.
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Miner Capitulation Meets Kaspa Bullish Derivatives Positioning
The key tension in KAS right now is with miners. Hashrate is down 5.4% compared to its 30-day average, and Hash Ribbons have flipped into capitulation territory, with the 30-day moving average dropping below the 60-day.
That setup has historically marked periods where weaker miners exit due to reduced profitability. The Puell Multiple at 0.57 reinforces that pressure, showing miner revenue is well below historical norms.
Another thing is, derivatives data leans in the opposite direction. Funding rates are positive at +0.54%, meaning long positions are paying shorts, a sign that traders are leaning bullish. Open interest is $43.1 million, but that’s below the usual levels. That tells us people aren’t using much leverage right now. And that’s a good thing. It means less chance of sudden liquidations and wild price moves.
Kaspa sitting at mixed signals, but the tension is in the miners.Kaspa sitting at mixed signals, but the tension is in the miners.
— Kaspa Daily (@DailyKaspa) May 6, 2026
Hashrate down 5.4% vs 30d avg, Hash Ribbons flashing 30d < 60d (capitulation territory). Puell at 0.57 confirms miners under pressure.
Meanwhile… pic.twitter.com/PKzYqXHHb1
Price performance holds steady despite miner stress. The KAS price is up 8.5% over 30 days and 11.6% over 90 days, showing resilience through this phase. Whale positioning has barely changed, with a modest +0.48% increase, and exchange reserves remain stable, which points to no aggressive selling pressure. The NVT ratio is in neutral territory, meaning valuation is in line with network activity.
This combination; miner stress, low leverage, and steady holder behavior, has historically created a base for upside moves once hashrate stabilizes. The missing piece remains a recovery in mining activity to confirm strength across both network and price.
Here’s What the Kaspa Chart Is Showing
We had a look at the chart, and price action is pushing higher toward the $0.036–$0.037 region after bouncing from a late-April low near $0.032. That recovery forms a short-term higher low structure, which supports continuation if buyers maintain pressure. The latest candles show a steady climb, not a jump, which aligns with the volume-backed move discussed earlier.
Momentum indicators confirm the push. The RSI histogram is deep in positive territory, with a reading around 80.16, showing strong momentum but also nearing overbought conditions. That doesn’t mean an immediate drop, but it raises the chances of a pause or consolidation if buying slows.
MACD is also in bullish territory, with the MACD line at 0.00061 above the signal line at 0.00040, and a growing histogram at 0.00022. That spread indicates increasing upward momentum. The last bullish crossover is still holding. The move keeps getting stronger, which means more upside could come soon.
Price is facing resistance around $0.037 to $0.038. That’s where highs were set back in mid-April. If the Kaspa price breaks above that, then $0.040 becomes the next target.
Support is near $0.034, and then $0.032 below that. That’s where the recent low was formed. As long as the price stays above $0.034, nothing has broken yet.
Read Also: Toncoin (TON) Price Up Over 60%: Why the Rally May Not Be Over Yet
What Comes Next for the KAS Price?
The likely path. Price moves between $0.034 and $0.038. The RSI came down from being too high, so momentum cools off a bit. That gives the indicators time to reset without breaking the current shape. If volume stays near $20 million or higher, this back-and-forth range is fine.
The bullish path. Price breaks cleanly above $0.038 with strong volume behind it. Then KAS could push up to $0.040–$0.042. For that to happen, hashrate needs to steady itself.
That would tell us miners have stopped giving up. The Kaspa price is already up 8.5% over 30 days and 11.6% over 90 days. That gives KAS a solid base to build on if conditions stay good.
The bearish path. Price loses the $0.034 support. At the same time, hashrate keeps dropping. Then KAS could fall back to $0.032. That was the last low, so buyers would likely step in there. Also, if volume falls below $20 million, the bullish case gets weaker and the risk of going down grows.
For now, KAS is at a turning point. Miners are under pressure, but steady demand is still there, and leverage stays low. If hashrate stabilizes, this setup has historically leaned upward. If it doesn’t, price may need more time to build a stronger base.
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